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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3704 Introduced 2/17/2023, by Rep. Suzanne M. Ness SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Provides that, if a dependent of the taxpayer is included in the PUNS database maintained by the Department of Human Services during the taxable year, then the taxpayer is entitled to a refundable income tax credit in the amount of $1,500. Effective immediately.
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| | A BILL FOR |
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| | HB3704 | | LRB103 30172 HLH 56600 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by |
| 5 | | adding Section 234 as follows:
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| 6 | | (35 ILCS 5/234 new) |
| 7 | | Sec. 234. Credit for dependent; PUNS database. |
| 8 | | (a) For taxable years ending on or after December 31, |
| 9 | | 2023, if a dependent of the taxpayer is included in the PUNS |
| 10 | | database maintained by the Department of Human Services during |
| 11 | | the taxable year, then the taxpayer is entitled to a credit |
| 12 | | against the taxes imposed by subsections (a) and (b) of |
| 13 | | Section 201 in the amount of $1,500. The credit under this |
| 14 | | Section may not reduce the taxpayer's
liability to less than |
| 15 | | zero. If the amount of the credit or credits exceeds the |
| 16 | | taxpayer's liability, then the excess may be refunded to the |
| 17 | | taxpayer. |
| 18 | | (b) For the purposes of this Section, an individual is a |
| 19 | | dependent of the taxpayer if the taxpayer is eligible to claim |
| 20 | | the individual as a dependent for federal income tax purposes. |
| 21 | | (c) This Section is exempt from the provisions of Section |
| 22 | | 250.
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